which-statement-best-describes-the-advantage-of-accrual-basis-accounting-over-ca

Question

Which statement best describes the advantage of accrual basis accounting over cash basis accounting?

Accepted Answer

Accrual basis provides a more accurate picture of a company's financial position.

Answer

Cash basis is preferred by most large corporations.

Answer

Cash basis is simpler and easier to manage.

Answer

Accrual basis requires less documentation.